The North Carolina Stock Option Plan of Stewart Information Services Corp. is a compensation program specifically designed for Region Managers of the company. This comprehensive plan provides eligible employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. Region Managers entrusted with the responsibility of overseeing specific geographical areas within Stewart Information Services Corp. are given the unique opportunity to participate in this stock option plan. This plan aims to align the interests and goals of the employees with those of the company, encouraging long-term commitment and motivation. Under the North Carolina Stock Option Plan, Region Managers are granted the authority to purchase a certain number of shares of Stewart Information Services Corp. stock at a price set by the company. Typically, this price is determined based on the fair market value of the company's stock on the date of the grant. The plan offers Region Managers the flexibility to exercise their options either immediately or over a predetermined timeframe. This allows employees to capitalize on potential stock price growth over time. It also encompasses vesting provisions, which means that the employees must fulfill certain criteria, such as completing a specified period of service, before the stock options become fully exercisable. Additionally, there might be different types of North Carolina Stock Option Plans offered to Region Managers based on factors like seniority, performance, or tenure. These variations provide tailored opportunities to employees based on their individual circumstances and contributions to the company. Such plans could include Restricted Stock Units (RSS) or Performance Stock Options (SOS), which provide additional incentives to Region Managers based on predefined performance metrics. Participation in the North Carolina Stock Option Plan not only rewards employees for their dedication and commitment but also strengthens their sense of ownership and engagement in the long-term success of Stewart Information Services Corp. By benefiting from the growth and performance of the company's stock value, Region Managers are motivated to exceed expectations and drive exceptional results. In conclusion, the North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program that enables eligible employees to purchase company stock at a predetermined price within a specified timeframe. This plan aligns employee and company interests, encourages long-term commitment, and offers tailored variations to suit different employee circumstances. Participating in this stock option plan empowers Region Managers, fostering a stronger sense of ownership and motivation to drive outstanding performance.
North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers
Category:
State:
Multi-State
Control #:
US-CC-18-365B
Format:
Word;
Rich Text
Instant download
Description
18-365B 18-365B . . . Stock Option Plan for Region Managers under which Compensation Committee may grant Incentive and Non-qualified Stock Options to full-time key employees who are employed at time of grant as Region Managers or equivalent position. In determining number of shares subject to an option granted in any given year to a particular Region Manager, Committee shall consider whether (a) pretax profits in Region Manager's territory have increased over prior year, (b) cash received by corporation from Region Manager's territory has increased over prior year, (c) percentage of claim dollars to revenues in Region Manager's territory has decreased over prior year, (d) delinquencies have decreased or maintained at zero level from prior year, (e) market share has increased in Region Manager's territory over prior year, (f) Region Manager has made efforts to expand territory through expansion of markets and/or sale of new products, (g) Region Manager's territory complies with corporation policy relating to agency visits, audits, automation, training, and benefit participation, and (h) Region Manager incorporates corporation's goals and strategies into goals for his territory
The North Carolina Stock Option Plan of Stewart Information Services Corp. is a compensation program specifically designed for Region Managers of the company. This comprehensive plan provides eligible employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. Region Managers entrusted with the responsibility of overseeing specific geographical areas within Stewart Information Services Corp. are given the unique opportunity to participate in this stock option plan. This plan aims to align the interests and goals of the employees with those of the company, encouraging long-term commitment and motivation. Under the North Carolina Stock Option Plan, Region Managers are granted the authority to purchase a certain number of shares of Stewart Information Services Corp. stock at a price set by the company. Typically, this price is determined based on the fair market value of the company's stock on the date of the grant. The plan offers Region Managers the flexibility to exercise their options either immediately or over a predetermined timeframe. This allows employees to capitalize on potential stock price growth over time. It also encompasses vesting provisions, which means that the employees must fulfill certain criteria, such as completing a specified period of service, before the stock options become fully exercisable. Additionally, there might be different types of North Carolina Stock Option Plans offered to Region Managers based on factors like seniority, performance, or tenure. These variations provide tailored opportunities to employees based on their individual circumstances and contributions to the company. Such plans could include Restricted Stock Units (RSS) or Performance Stock Options (SOS), which provide additional incentives to Region Managers based on predefined performance metrics. Participation in the North Carolina Stock Option Plan not only rewards employees for their dedication and commitment but also strengthens their sense of ownership and engagement in the long-term success of Stewart Information Services Corp. By benefiting from the growth and performance of the company's stock value, Region Managers are motivated to exceed expectations and drive exceptional results. In conclusion, the North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program that enables eligible employees to purchase company stock at a predetermined price within a specified timeframe. This plan aligns employee and company interests, encourages long-term commitment, and offers tailored variations to suit different employee circumstances. Participating in this stock option plan empowers Region Managers, fostering a stronger sense of ownership and motivation to drive outstanding performance.
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